Update: Beat the bank in Laguna Beach

A reader has updated us that this Laguna Beach property we posted on in January has, in fact sold. The house's journey is complicated and fuzzy, but with some help from our source and a bit of digging here is what appears to be the timeline:

8/29/06: Listed for sale for $1.125 million
2/15/07: Sold for $1.095 million, 1st loan for 80% of purchase price, or $876,000, from Indymac Bank (171 days on market)
9/12/07: Notice of default recorded, delinquent amount $38,141
12/10/07: First installment of 2007 property tax bill ($6,070.83) unpaid and becomes delinquent
12/14/07: Notice of trustee sale recorded, minimum bid established at $880,982
1/3/08: Listed for sale with asking price of $1,100,876. Listing would later carry the following description: *******Approved Short Sale At Between $830,000 Bom Back On Market Subject To Cancelation Of Current Escrow*************** Beat The Bank Pre-Foreclosure, Panoramic Ocean Views, Spectacular North Coastline Views, Catalina Sunsets. Spacious Living Areas Include Two Remodeled Viewing Decks, Open Living Room With Fireplace, Dining Area, Open Kitchen. Good Sized Bedrooms, Master With Two Closets. Freshly Painted Interior. Flowering Landscaping, Large Private Rear Yard With Decking. Situated Toward End Of A Cul-De-Sac Street, A Wonderful Residence With Outstanding Ocean Views!
4/2/08: Reader update - property sold for $830,000
4/3/08: Was on the list to be sold at auction at Santa Ana courthouse; had been postponed from 3/6

It appears, then, that the property may well have been successfully sold at the last minute before it was to be sold at auction (where it may have been kicked back to the lender). Assuming a purchase price of $830,000, that would mean a decline of 24%, or $265,000 from the previous sales price in early 2007, not including any sales costs.